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Assuming capitol records deferred revenues using the

Question - On September 1, Capitol Maintenance Company contracted to provide monthly maintenance services for the next nine months at a rate of $2,400 per month. The client paid Capitol $21,600 on September 1. The maintenance services began on that date. Assuming Capitol records deferred revenues using the alternative treatment, what would be the adjusting entry recorded on December 31?

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Accounting Basics: Assuming capitol records deferred revenues using the

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